U.S. retailers admit they lied about shoplifting, retail crime again

return2ozma@lemmy.world to News@lemmy.world – 775 points –
U.S. retailers admit they lied about shoplifting, again | Boing Boing
boingboing.net
115

You are viewing a single comment

They’re all insured for these kinds of losses anyway (I used to work in big box retail operations).

Insurance isn't going to cost less than what they're losing. It just smooths out the losses and avoids any surprises.

They’re self insured for this… and it’s priced into the products they sell.

What do you suppose "self insured" means?

Don't get me wrong, I'm all for sticking it to big corporations, but we could just be honest about what we're saying: I don't care if shoplifting costs retailers money.

You're 100% right on the second point, though, they anticipate some amount of shrinkage when setting prices.

4 more...
4 more...
9 more...